A Director at Michaels Companies (NASDAQ: MIK) is Buying Shares

Yesterday, a Director at Michaels Companies (MIKResearch Report), Beryl Raff, bought shares of MIK for $50.05K.

This recent transaction increases Beryl Raff’s holding in the company by 27.58% to a total of $312.1K. This is Raff’s first transaction since reporting a Buy transaction on GPI back in March 2008

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The company has a one-year high of $18.04 and a one-year low of $4.96. MIK’s market cap is $1.56B and the company has a P/E ratio of 4.93.

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Michaels Cos., Inc. is an arts and crafts specialty retailer, which engages in the provision of materials, project ideas, and education for creative activities. It operates through the following segments: Michaels-U.S., Michaels-Canada, Aaron Brothers, Pat Catan’s, and Darice.